The maximum eligible income for a household of 1 or 2 persons is $107,400. The maximum eligible income for a household of 3 or more persons is $125,300. The grant is in the amount of 4% of the MMP loan amount and can be used for closing costs only.
Grant Assist Program funds cannot be combined with other loan products offered through Maryland Mortgage Program.
|Homebuyer must earn their Homeownership Counseling Certificate from a City-approved counseling agency before writing a sales contract.|
|The home must be the homebuyer’s primary residence.|
|Homebuyer must invest a minimum of $1,000 from personal resources.|
|Incentive may be used toward downpayment and closing costs.|
|Homebuyer may not own any other properties, including investment properties, at time of settlement.|
|This incentive may be used in addition to other incentives.|
|Homebuyer must use an approved lender.|
For More Information
Maryland Department of Housing and Community Development
(800) 756-0119 ext. 3